Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Saturday, Apr 01, 2023

Two key sectors get Beijing action push

Two key sectors get Beijing action push

The commercial and industrial sectors will seize Hong Kong's development opportunities as the SAR begins a new chapter in the coming five years, says the director of the central government liaison office in Hong Kong, Luo Huining.
At a seminar on the two sectors' role in Beijing's Belt and Road initiative, Luo said the commercial and industrial sectors have always demonstrated sensible market judgment as they are helmed by the world's leading business talents.

He said he was sure the two sectors would be able to integrate themselves into the latest five-year plan, and be involved in the development of the Greater Bay Area, adding that the coming half decade will be a critical time for development.

"With its ability to connect with the world, relying on the motherland and maintaining its common law system, Hong Kong, following the passing of the national security law, has been able to regain stability, with its citizens living in peace," he said.

Luo said the liaison office supports SAR authorities' "governance in strict accordance with the Basic Law," and encouraged the commercial and industrial sectors to seize opportunities of the Belt and Road initiative.

Luo said the two sectors will be able to adapt to global trends in economic development.

He also outlined key financial policies linking Hong Kong's financial infrastructure with that of the mainland.

"Since President Xi Jinping gave his speech on July 1, different departments have been devoted to researching key policies that will benefit Hong Kong's development," he said.

These include initiatives allowing mutual access between interest rate swap markets in Hong Kong and the mainland, Hong Kong's membership in the Regional Comprehensive Economic Partnership, and state-owned enterprises issuing bonds in Hong Kong.

He also highlighted finance, aviation and trade as key areas for development.

Meanwhile, Chief Executive John Lee Ka-chiu said he will keep working to maintain momentum for Hong Kong's development.

Speaking at the same event, Lee said he will keep working on Belt and Road initiatives and live up to the expectations of Xi and Vice Premier Han Zheng, who oversees Hong Kong affairs.

He also quoted Xi as saying that Hong Kong, with its unique position, can connect with the rest of the world, while also relying on the support from the motherland.
Newsletter

Related Articles

Hong Kong News
Close
0:00
0:00
Don’t Dismiss China’s Peacemaking Bid
Austrian Parliament members walk out when Volodymyr Zelensky begins speaking.
Father obliterates council members following viral TikTok of biological male masturbating in women’s bathroom..
Tsai Ing-wen received a "warm welcome" from the Chinese people in the US.
EU's von der Leyen: "We know this is an era where we rely on one single supplier. China. 98% of our rare earth supply."
China and Brazil have signed a new deal that will allow them to trade in their own currencies, bypassing the US dollar as an intermediary
Elon Musk and Others Call for Pause on A.I., Citing ‘Profound Risks to Society’
“We've had evidence prior to the pandemic that masks were largely ineffective at preventing community transmission of influenza “
Former Starbucks CEO Howard Schultz:
Former Starbucks CEO Howard Schultz rejects being labeled a "billionaire"
Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
Brand new security footage has just been released to the public showing the Active shooter Audrey Elizabeth Hale drove to Covenant Church School in her Honda Fit this morning, parked, and shot her way into the building
Social Media censoring users for saying the true
Smart Iranian fashion designer teaching dummy TV anchors lesson about reality
AMERICA, 2023
U.S. charges FTX's Bankman-Fried with paying $40 million bribe
Fallen 'Crypto King' Who Owes Millions to Investors Was Kidnapped and Tortured
Regulators blame social media for SVB's rapid collapse: 'Complete game changer'
AOC explains why she opposes banning TikTok
Singapore’s Prime Minister says China and US need to stabilize relations because world can't afford a confict between the two superpowers
In a dramatic U-turn against His Government: Judicial Reform Legislation Must Be Halted, Says Israeli Defense Minister Yoav Gallant
Gordon Moore, a co-founder of Intel Corporation, died at 94
Powell: Silicon Valley Bank was an 'outlier'
Bordeaux town hall set on fire in France pro democracy protest
Police violence in Paris
Paris: Some of the police are stepping down and showing solidarity with the protesters.
Donald Trump arrested – Twitter goes wild with doctored pictures
NYPD is setting up barricades outside Manhattan Criminal Court ahead of Trump arrest.
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
The US government has charged Chinese businessman Guo Wengui with leading a $1 billion fraud scheme that cheated thousands of followers out of their money.
Credit Suisse to borrow $54 billion from Swiss central bank
The BBC problem about China
Russian Hackers Preparing New Cyber Assault Against Ukraine
"Will Fly Wherever International Law Allows": US Warns Russia After Drone Incident
If this was in Tehran, Moscow or Hong Kong
Announcing GPT-4
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
China is calling out the US, UK, and Australia on their submarine pact, claiming they are going further down a dangerous road
A brief banking situation report
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
'No relation to the American SVB': India's SVC Bank acts to calm depositors amid brand name confusion.
Good news: The U.S. government is now guaranteeing all deposits, held by, Silicon Valley Bank, and the funds are available as of today
Silicon Valley Bank exec was Lehman Brothers CFO
In a potential last-ditch effort, HSBC is considering a rescue deal to save Silicon Valley Bank UK from insolvency
Saudi Arabia has announced a major breakthrough in diplomacy with Iran after two years of intense talks
Elon Musk Is Planning To Build A Town In Texas For His Employees
×